Articles by ECT News Business Desk

Results 81-100 of 150 for Ect News Business Desk

Sonopress Launches Supply-Chain Offering

Sonopress, part of the Bertelsmann's service division of Arvato, has announced the launch of a new service designed to support the need for ever-increasing creativity and flexibility in the entertainment industry and to help core businesses expand more efficiently The new Games Task Force (GTF) is designed to provide optimal supply-chain solutions ...

NetRatings Report: Broadband Users Now a Majority in US

Nielsen//NetRatings is reporting that broadband connections for the first time reached51 percent of the American online population at home during the month of July,as compared to 38 percent last July Sixty-three million Web users connected to the Internet via broadband during July 2004 as compared to 61.3 million accessing the Internet through narr...

Broadband Reaches Critical Mass

Nielsen//NetRatings is reporting that broadband connections for the first time reached51 percent of the American online population at home during the month of July,as compared to 38 percent last July Sixty-three million Web users connected to the Internet via broadband during July 2004 as compared to 61.3 million accessing the Internet through narr...

Compuware Seeks IBM Sanctions

Compuware announced that it has filed an emergency motion in its software piracy case against IBM Compuware asked the court to levy severe sanctions and provide other relief against IBM for introducing critical evidence after the close of discovery....

Strategic Distribution Reports Revenues Down 26.4 Percent in Q2

Strategic Distribution, a provider of maintenance, repair and operating (MRO) supply chain management services, today reported financial results for the second quarter ended June 30, with revenues down 26.4 percent Revenues for the second quarter of 2004 were $27.4 million, compared to $37.4 million for the second quarter of 2003. The $10 million d...

Foundstone Acquired by McAfee for $86 Million

McAfee, a provider of intrusion-prevention software, today announced an agreement to acquire Foundstone, a company that offers vulnerability-management applications, for $86 million in cash Together the companies will offer technologies to help protect IT infrastructure....

Oracle Releases New Version of Sales-Side CRM Software

Oracle today announced release of the latest version of its sales-side customer relationship management (CRM) applications designed to help companies grow revenue by paving the way for effective enterprise selling The new versions of Oracle Sales, Oracle Marketing, Oracle Partner Relationship Management and Oracle e-Commerce 11i.10 provide technolo...

Benhamou To Resign as PalmSource Chairman of the Board

PalmSource, provider of Palm OS, an operating system powering next generation mobile devices and smartphones, today announced Eric Benhamou will step down as chairman of the board of directors, further separating two parts of what had been PDA maker Palm Benhamou is expected to continue to serve as chairman of the board for palmOne....

Sedona Reports Revenue Doubled in Second Quarter

Sedona Corporation, a provider of Web-based, vertical customer relationship management (CRM) technology for small and midsize businesses (SMBs), today announced its operating results for the second quarter ended June 30, with revenues doubling over the same period last year Nonetheless, the company said revenue was down 9 percent in the first six m...

Markets Hit Hard by Tech Warnings, Oil Fears

Another one-two punch hit Wall Street Thursday as investors worried about the future of technology earnings and oil prices again tested record levels The latest blow came from Hewlett-Packard, which missed profit targets for its third quarter and issued an updated forecast that was also below what analysts had been counting on for the fourth quarte...

Sonus Networks To Be Delisted from Nasdaq

Sonus Networks today announced the Nasdaq Stock Market has denied the company's request for additional time to file its Form 10-Q for the period ended June 30, 2004. Due to the extended time required to complete its recent detailed financial review and restate its historical financial results, Sonus previously announced that it would be unable to ...

Cisco Report Weighs Down Nasdaq

Oil prices and warnings from some key technology companies weighed on U.S. stock markets Wednesday, ending a two-day rally Markets had performed well both before and after the Federal Reserve, as expected, raised interest rates on Tuesday. Upbeat comments on the economy that accompanied the report inspired confidence in investors Tuesday afternoon....

Fed Raises Interest Rates to 1.5 Percent

As expected, the U.S. Federal Reserve has raised short-term interest rates by a quarter of a point to 1.5 percent It says the rise in oil prices has curbed economic activity and softened the labor market but believes this will only be temporary and the economy can expect to expand down the track....

Cisco Reports Q4 Earnings

Cisco Systems today reported its fourth quarter and fiscal year results for the periods ended July 31, 2004. Net sales for the fourth quarter of fiscal 2004 were US$5.9 billion, compared with $4.7 billion for the fourth quarter of fiscal 2003, an increase of 26 percent, and compared with $5.6 billion for the third quarter of fiscal 2004, an increase of 5.4 percent...

Markets Rally on Fed Rate Hike, Comments

The Federal Reserve increased interest rates by another quarter point and expressed optimism that the economic recovery remains on track, providing a spark for a late-day rally on Wall Street. In a widely anticipated move, the Fed boosted the benchmark federal funds rate to 1.5 percent, the second increase in about two months.

MPAA Settles with 321 Studios over DVD Piracy

A company driven out of business by Hollywood and the video game industry over its DVD-copying software has reached a settlement with the motion picture industry In the settlement, suburban St. Louis-based 321 Studios and its owners agreed to stop selling DVD copying software worldwide, said Matthew Grossman, a spokesperson for the Motion Picture A...

PacketHop, Nortel Join on Homeland Security

Mobile broadband networking products developer PacketHop today announced it has joined with wireless networks provider Nortel Networks to provide mobile communications technology targeting the homeland security market Under the agreement, the companies will initially target the US$11 billion homeland security market to facilitate the installation o...

Garcia Joins Nanosys as Chief Financial Officer

Nanosys yesterday announced that Peter S. Garcia has joined the company as chief financial officer The action comes less than a week after the company pulled its plans for a $100 million initial public stock offering due to what the company called "the volatility of the public capital markets."

Technology Solutions To Acquire ZAMBA Solutions

Technology Solutions Company (TSC), a consulting company delivering business benefits through the application of information technology, and ZAMBA Solutions, a customer relationship management (CRM) services company, today announced that they have reached a deal for TSC to acquire ZAMBA Under the terms of the agreement, which was approved by both c...

BUSINESS BRIEF

Hewlett-Packard Buys Synstar

HP has confirmed that it is planning to acquire UK services firm Synstar in a deal believed to be valued at around US$160 million HP says Merrill Lynch has made an offer on its behalf to acquire the entire issued and to-be-issued capital of Synstar....

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